Kapil Chit Funds Complaints & Reviews

I have lifted my chit with kapil chit fund at proddatur branch in february. I am the last person to lift the chit. I have paid all installments. No guarenters required because i am the was the last person to lift the chit. The manager took all signatures from me. He is keep on telling that we will pay soon. Now it is 4 months. Till now they did not paid the chit amount. Not lifting the phone.

The chit number is fprt13j-42.

Kapil chit fund is cheating. My humble request to public is please be ware. It is going to be another agri gold.

Careful!!!

Iam m ravinder had prized my chit on 17.02.2018 completed all the formalities of surety by 25.03.2018
As per your time frame it says 30 days but still the payment is pending
Chit 13j-22
Kapil chit kakatiya hanamkonda branch 3

The branch manager mr. Odaiah never lifts my call
Field staff mr. Kumar has vague responses

Please take necessary action and provide the payment at the earliest

Regards

Ravinder
[protected]

I am deposited an amount of rs.4, 50, 000/- (No. Lp/ram-gun/e32/2014) and rs.4, 50, 000/- (No. Lp/ram-gun/e33/2014) the maturity date is[protected]
I went to your office and talk to ch. Varaparasad, executive director of vijayawada branck but he is irregulor answer to me and also extra dialoges to me. Please remitance my amount urgently
Yours faithfully
Konjeti seetha maha lakshmi
Cell no [protected]
Email.: [protected]@gmail.com

I am raghu ram ghatti, having chit in tenali branch,
I am awarded the chit in the month of march 2018 with the value of 12.4 lakhs approx.
The manager (Then manager along with present manger came to when i joined the chit) with consultation of the ro and his officers promised me to release the amount in 40 days after the bid.
Now its been more than 3 months and we haven't received the amount nor even it seems they are most careless to even to attend the verification of the guarantors yet saying all the time that they will be attending in 2 days time but not happened, they are just delaying the vitrifaction and delaying the payment.

My chit number is ftet02r-14.

Now i am not at all interested in continuing the chit anymore and because it seems it may take another 2 months to get my prized amount which is useless to me it would be helpful then... Why i participated in the auction and lost faith in that company.
Thanking you sir,

Kindly do the needful and release my amount

Regards
Kiran

Hi kapil team,
Please look into the below matter: i had put a chit (Faps42f-5) of 1l in the ameerpet branch in year 2016, now as my chit is closing by june 2018, as some emergency came i raised my chit to close by feb 2018 (Emergency means-people will think it takes 4mnts of time?), but these ameerpet branch people already raised my chit amount in the month of sep/oct 2017, and adjusted my chit amount to some other person, but i don't even know this, without informing only they raised my chit.
Now in feb 2018 i planned to close my chit and now it is in the process still, in april 1st week they have give 57000/- d. D, we asked why you people are issuing half amount, they said amount was not sufficient please give us 1 week of time, we will give the reaming balance amount. But my balance amount is still pending by date may 30th, we dint receive full amount till now, we are roaming daily to kapil office but they are saying tomorrow, as that "tomorrow never comes", once in this mean while the waste manager (Renaiah) of kapil said... "did you people ask me and started this chit, why you people are asking me" - he said. Is this the manner a manager your respond to a customer, is he fit to that manager level? Now, these ameerpet branch people are saying our chit had been changed to yousufguda branch. Dont ask us, ask yousuguda branch (Without our knowledge, they changed the branch also - safesidely). If we all yousufguda branch people and go to ameerpet branch also no use, still no change they are saying the same, still in process, preparing the d. D, how many days, they will prepare the d. D, till 4months/2months?? Please don't keep such managers/employees, definitely your kapil will close soon a short span, if this continues... Never this kapil chits will grow further in future, it will close soon, as you all kapil people are troubling the public, with eating the public money only.

Chitti eshnnapdu cheppali custmr laki motam norms antha gudda balupu unty etlaaa that collection person says anna etla chepukunta pothe 3days iyna complete kavu. Eshey tapdu eyuuu eyuu antar cancl ki eh norms untaye ani chepara 16l chits eshna. Notlaa pedda modda pettinar naku inka modda kada bagupadtar meru thu... Me jathini dengaaa me notlo modda mandhi uchaaa nashanm ipotar ra areeee 4yrs kattukune capacity undii mosam chesii meru am bagupadtar rah lanjakodukularaaaa me bathkulala modda meru modda kudsi ponu
Me valla naku iyna appu 3lakhs lepina chiitii 5l naku inka kattukunedi 1, 74, 700. Malla moddala kattudu kattali till 5yrs me jathini kukkal dengaaa kapil peru meda fraud chese donga puk lanjodkularaaa me bathkulaa uchaa madarchod lanjodkulara

My chit number fnrt08p-50, vinod reddy p, it is bring to your kind notice that i have completed all installment ie.50 numbers and i have lifted chit prized amount of 10 lakhs on month of february 2018 after paying all installments ie 50 numbers of installment and branch manager nitian reddy nirmal branch assured me to give me the cheque on march 1st week but he was failed and not responding to my phone calls rill today 23rd may 2018. This was taken to the notice of regional manager ravinder reddy and komal reddy and he assured me at any cost he will handover cheque by 28th april 2018 still now both are not responding to my phone calls and avoiding me to reply.
It has been now 3 months delay by paying my chit prized amount and i need the amount for my expenditure and also
I am - suffering from huge financial losses and mental tension for which leading my life miserable.

I am Vinay Nakhate, s/o Sri Nakhate Sudhindra Rao native of ADONI town of ANDHRA PRADESH completed chit installments. Manager Bheemeshwar rao is not giving the complete money, He has done part payment of only 2.3 lakhs. Whts problem, is it with Manager or Kapil chitfund ? Resolve this asap whosever problem it is. How can manager pay only part amount ? If I am paying instalments to you, if I pay part amount will you accept ? I thought its reputed chitfund, but it looks like fraud chitfund company, cheating innnocent people who committed for something else like closisng personal LOAN, marriage etc. I thought, customers money, this manager is given outside for interest and he is enjoying that interest amount. As a kapil group, you have to examine what is going on with each of the branches of the chitfunds instead of cheating innocent customers.

Kindly resolve this issue as soon as possible.

I will escalate further to RBI(Andhra Pradesh) NBFC Division, if its not resolved immediately.

Manager is giving ### reasons, take serious action against him. How can you give only partial amount ? Check whats happening, when he deposited part amount, when chit completed, what is the balance he has to give ?

How many people are suffering like this, Once it s escalated to RBI, they will come and examine all customer accounts, and they will close the business itself. Be careful, If you dont take immediate action within 2 to 3 days, I will escalate to RBI NBFC division and give all the information to close the business.

Delay in paying my chit prized amount from last five and half months and not responding to my calls – Branch Manager, Himayat Nagar given open statement that they don't have sufficient funds and Company position is BAD due to non-collections – I am -Suffering from huge financial losses and mental tension for which leading my life miserable.
FHIT06P-05 Chit Value Rs.10, 00, 000/- in KAPIL CHITS, Himayatantngar Branch, Hyderabad

Not giving of prizemoney cheque since 3 months, even accepting of f. L months deductions. Not adequte reply. They take signs on empty promissory note by a. B. M. Limgaiah. I am going to take this problem to chit registror, cid, home & fiance ministries & media. If you are not solve in 3 days. Chit reference no. Fpns03f-16, bidding month feb - 2018 chit value. 1lakh. Paid months. 19

I have invested in your chit for 50months at kapil chits koasta ltd, vedayapalem, nellore and during the last part of the chit period, your officers called me and requested to invest in deposit for 1year with their branch by participating in the auction. Accordingly, i have participated in the auction and signed for investment for 1 year and due date is 04.04.2018. After completion of chit, they have returned the bond and surprisingly noticed that they have invested in kapil infra avenue bonds, but not in kapil fixed deposit as it was told at the time of deposit. The same i was questioned at that time, they replied that they will make the payment on maturity date if the bond is presented at kapil chits vedayapalem nellore. On 06.04.2018, we have handed over the said bond duly discharged with letter and pan card xerox and they said that cheque will be given shortly. On my continuous persuasion with the branch manager mr. Muni kumar we are not getting proper reply and the maturity amount is not yet paid to me. Further, i had invested with an intention that it will be useful for my child education and now i need to make payment of fees for my child engineering education. Hence, i request you to kindly arrange my maturity proceeds along with up to date interest.

This is kiran, i had chit in ghatkesar branch, i have lifted the chit in the month of january 2018 with the value of 2 lakhs they promised me to release the amount in 15 days, it's been 4 months but not received the amount yet, nobody is responding from the branch even branch manager mr sai kumar,

Branch manager saikumar number [protected]

My chit number is fgts01g-11

Kindly do the needful and release my amount

Regards
Kiran
[protected]

Sir, i have auctioned kapil chit bearing no:fgtl02j-5 for the amount rs 5000/- at ghatkesar branch on 28.02.2018. So have to get rs 4, 53, 600 and 3 months interest. The branch manager mr sai reddy promised to pay amount on 20.04.2018 but he failed to pay till date. I have approched rm mr madhu sudhan reddy/ mr indira reddy but they are also promised to pay on 30.04.2018 and failed to pay. After 3.5 months also i have not received. My financial position is very bad. Pl help me to get my amount as soon as you possible.
Regards.

Ch narsimulu
Manager
Powergrid corporation of indiaa limited
Hyderabad
[protected]

N. Siva naik
I am holding an chit no: fkat30-j-48 at hyderabad ashok nagar branch. I raised my chit in the month of jan-2018 for an amount of rs. 5, 00, 000 /-i submitted all the surities and till now i did not receive any amount or there is no response from the branch manager. It is almost 120 days after claiming my amount.
Hence i request you to pay the entire chit amount as early as possible
Thanking you

My chit is at macherla branch and lifted in the month of february. Documentation completed in first week of march. They told that i will get money by march 15. Still i didn't get my money. Everday they are saying tomorrow. Tomorrow again they are saying something. Kindly help me. Head ofice people and registered office people are not responding. Manager is very careless. He is talking rude. I warned him i will complaint but he simply told me that ok ok complaint anyone i will face like that

I have a chit account in boduppal branch. The manager name is amarender, i have lifted my chit 42 days back. They have forced me to deposit the half of chit value in the kapil chit funds so that they will give the cheque in 15 days of time. And i have been calling the manager and staff everyday but every day they are saying some or other reason. If a branch cant give 20 lakhs chit why are they are running the compnay. Just to suck our blood. Manager number is [protected]

Respected sir/madam,

I am holding an chit no: fagt02h-10 at avanigadda branch of krishna dt. I am a prized subscriber. I raised my chit in the month of jan-2018 for an amount of rs. 2, 40, 000 /-i submitted all the surities and till now i did not receive any amount or there is no response from the branch manager. It is almost 100 days after claiming my amount.
I written a letter to the branch manager asking him to cancel my chit and refund the amount. There is no response for this also. I strictly don't want to go legally with this matter. It is requested from my end to cancel my chit no fagt02h-10 and refund amount.
Regards,
Aravind
[protected]

My wife Gajjala Anitha is having chit of Rs.5, 00, 000 /- in Madikonda branch which is located in Kazipet, Warangal. Chit is lifted on 29th November 2017, all formalities of documentation completed in January 2018. Branch also received cheque of awarded amount on 10th April 2018 after following up more than 20times. But Manager is not credited cheque to my wife's account. He is saying that there are no funds. We are vexed with him. Please look into the matter and resolve it as early as possible.

Regards
[protected]

My wife holding the chit account no fgtt06p-3 in kapil chits in guntur arundulpet branch since 25 months and have been paying all the installments on time. My wife chit was lifted the 30 december 2017 i am completed all the required documents but the kapil chits representatives have not completed the process on time and asking for two more suruty totally they asked 6 suretys and 2 lacks liquid cash surety and five blank checks this all fraud activity company behavior they don't tolerate the peoples all are fraud activity please take action against kapil chits arundulpet guntur branch my mobile no [protected]

Sir,
I manku sanyasirao with fppt18h-20 as my chit number, chit value -3, 00, 000/-, installments -50 in parvathipuram kapil chits (Kosta) branch, vizianagaram (Dt), a. P, india. I participated in the auction held on dt 29.11.2017 prized subscriber against our bid offer for rs.53, 000/- i submitted all my sureties and guarantees that as demanded by the kapil chits manager in the month of 12/2017 to draw the prized amount. The manager said 1 month back that your cheque already came to branch & showed me for an amount of rs.2, 26, 450/-. But systems fail after two days the details will be entered in systems after that we go to bank for changed the cheque as dd after that credit to your account or you are directly take the dd. So many days are coming and go to past. The manager tells when i met every time, tomorrow, the day after tomorrow, with in two days etc. Shocks tells us. But my chit prized amount does not give us till (28.04.2018) date. I call to the kapil chits branch manager number of times, but he didn't respond till now. I have been waiting patiently for the past 4 months. We are very dissatisfied with kapil chit fund company. We are losing all our hope on your comany.
So i therefore request you to look into this matter kindly and do us the need as soon as possible.
Thanking you sir,
M. Sanyasirao